Category Archives: EUR/CAD

Elliott Wave Analysis: EURCAD And NZDJPY

Gregor Horvat

EURCAD: Current fall below wave A) swing low suggests that EURCAD can be in wave C) already which may continue south to 1.4100 or maybe even to 1.3930 ideal target. However, we must keep in mind that this is a corrective pullback from 1.4598; it’s a contra-trend move that will sooner or later send price back to bullish mode. Bounce in small five waves back to 1.4300 will put prices back in uptrend. more…

EUR/CAD Break To The Upside?

Ville Vainio

June 11, 2015 @ 2:31 pm – I have gone with the triangle scenario here in EUR/CAD. This pair is again right on the support zone around 1.38 and has been rejected couple of times before. If this triangle scenario proves correct, we should see a push upwards and the thrust measurement from the triangle gives target of 1.416 for the next wave.
Remember that if this declines past 1.375 this wave count is wrong and need to be revised. more…